HC Deb 17 May 1976 vol 911 cc320-1W
Mr. Skeet

asked the Secretary of State for Energy what use has been made by him of the powers provided by Section 42 (Loans etc. to promote development of United Kingdom petroleum resources) of the Petroleum and Submarine Pipe-lines Act 1975.

Dr. J. Dickson Mabon

Guarantees have been given for borrowings for Ranger Oil (UK) Ltd. for the Ninian oil field—up to $20 million—and to Tricentrol Thistle Development Ltd. for the development of the Thistle Oilfield—up to £60 million. I would refer the hon. Member to my hon. Friend's replies of 25th November 1975—[Vol. 901, c.87]—to my hon. Friend the Member for Glasgow, Springburn (Mr. Buchanan) and of 16th March 1976—[Vol. 907, c. 488–90]—to my hon. Friend the Member for Whitehaven (Dr. Cunningham) for the details of these transactions.